InsuranceSuite Platform

Here are the Olos release highlights for InsuranceSuite Platform. For more details, see the following:

PricingCenter (Restricted Availability)

With PricingCenter, you can drive agility, profitable growth, and cost efficiency in pricing and rating. PricingCenter offers these benefits:
  • Accelerated rate deployment: Eliminate manual data transfers and reconciliation to ensure that rate changes are deployed seamlessly.
  • Sophisticated pricing workflows: Deliver greater pricing accuracy, adaptability, and innovation through flexible pricing workflows that provide advanced data analysis and modeling, scenario testing, and price optimization tools.
  • Superior user experience: Empower teams with a modern, intuitive solution that lets your pricing team focus on strategic work.

For a short demonstration, watch this video:

Underwriting Assistant (for Early Access customers only)

Guidewire Underwriting Assistant, the first component of UnderwritingCenter, is a cloud-based, AI-powered data service that automates the intake, data extraction, and risk analysis of commercial insurance submissions. It uses AI to streamline submission intake, generate risk summaries, and support the submission triage process, helping underwriters assess whether to proceed with a risk. Underwriting Assistant offers these benefits:
  • Automated submission ingestion and enhancement: Use AI to extract submission data and enrich it with external, online research and third-party risk scores. This feature reduces time underwriters would otherwise need to spend on manual data entry and research.
  • Automatic risk assessment: Automatically assess risks against internal underwriting guidelines to help underwriters easily identify risks that are outside the boundaries of what your organization is willing to accept. This feature ensures consistency and helps your underwriters focus their attention where it's needed most.
  • Faster initial decisions: Benefit from AI-powered, comprehensive summaries that provide a full but concise picture of the risk, expediting the review process so that underwriters can make an initial decision quickly.

For a short demonstration, watch this video:

Improved data import and export functionality

The improved utilities for importing and exporting administrative data in InsuranceSuite applications make it easier to bring administrative data in and out of InsuranceSuite. The new data importer and exporter are a productization of a Guidewire SurePath prebuilt solution. They help to ensure that administrative data is synchronized across InsuranceSuite applications.

The functionality allows you to import and export data in XML and Excel formats, with greater control over import and export behavior. The data exporter offers fine-grained control over the entities and records that are exported, how the data is organized in the output files, and whether related data is also exported. You can configure the exportable entities and their export format in an administrative user interface screen. The data importer allows you to manually or automatically manage conflicts in imported data and delete existing records in the database if desired.

Additionally, the data import and export are executed as asynchronous background processes, able to handle large amounts of data. The improved tracking of data importing and exporting also allow for easier auditing.

Cloud API framework (version 1.14.0)

New endpoints

The following endpoints have been added to Cloud API. If you are doing a core update, you can add these endpoints to the appropriate role.yaml files to provide authorization to users and services as needed.

Admin API

  • GET /geographic-zones/{geographicZoneId}

System Tools API

  • GET /system-time

Attributes

You can query for, create, modify, and delete custom attributes through Cloud API.

User attributes

You can query for, create, modify, and delete custom user attributes through Cloud API.